Brigade Hotel Ventures Limited has informed the Exchange about Material Information - Brigade Hotel Ventures Limited signs multi-deal agreement with Marriott International to open six hotels in India
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Brigade Hotel Ventures Limited (BHVL) has signed a multi-deal agreement with Marriott International to develop six new hotels adding approximately 940 rooms across four key Indian markets. The properties will operate under five Marriott Bonvoy brands – The Ritz-Carlton, JW Marriott, Marriott Hotels & Resorts, Courtyard by Marriott and Fairfield by Marriott. Together with its existing two Marriott-branded hotels (Sheraton Grand Bangalore and Four Points by Sheraton Kochi Infopark), BHVL's total Marriott portfolio will rise to eight hotels with 1,388 keys. The new hotels are planned across Chennai, Bengaluru, Kerala (Vaikom Island) and Thiruvananthapuram, with phased openings from FY2027 to FY2030. The deal is not a related-party transaction, involves no share exchange, and deepens BHVL's nearly 15-year partnership with Marriott.
This is a significant portfolio expansion that strengthens BHVL's growth pipeline and ties it more deeply with a top global hotel brand, likely viewed positively by investors. However, the hotels are scheduled to open only between FY2027 and FY2030, so the financial impact will be back-end loaded.